As an employer government legislation requires you to automatically enrol some or all members of your workforce (depending on age and salary level) into an approved pension scheme. You may also be required to make contributions to this pension scheme.
As an employer, you are responsible for enrolling all eligible employees into your scheme, providing they meet following criteria:
- They are aged between 22 and the State Pension age
- They earn at least £10,000 a year
- They work in the UK
Full details of Workplace Pensions are availble from GOV.UK.
A step by step guide, Set up and manage a workplace pension scheme, is available from GOV.UK.
When your business must start setting up a Workplace Pension (known as a ‘staging date’) depends on how many people you have on your payroll. Check your staging date with The Pensions Regulator.
You must set up a workplace pension scheme before your staging date, if you don’t already offer one.
If you already have a workplace pension scheme, check if you can use it for automatic enrolment.
You must make an employer’s contribution to the pension scheme for those workers.
A detailed guide to auto enrolment including getting started, getting ready and managing a pension scheme, is available from the Pensions Regulator.
A downloadable step-by step guide is available for download at this link.
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